All articles by George MacDonald – Page 197
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NewsSteven Esom appointed to BRC role
Former Waitrose and Marks & Spencer director Steven Esom is to become chairman of the BRC’s commercial arm, BRC Trading.
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NewsFindel unveils £80.5m fundraising
Home shopping group Findel has unveiled an £80.5m fundraising as it restructures its balance sheet and bids to improve performance.
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NewsJohn Lewis pension trust sells Ocado stake
The John Lewis Partnership Pensions Trust has sold its remaining stake in online grocer Ocado.
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NewsJohn Lewis reports 'pleasing' start to new financial year
Sales at department store chain John Lewis rose last week as its new financial year kicked off.
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OpinionBest Buy thinks outside the box
It is less than a year since US electricals giant Best Buy planted its flag in this country in partnership with Carphone Warehouse with its first big-box store in Thurrock.
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NewsSuperGroup vows stellar performance will continue
SuperGroup chief executive Julian Dunkerton has promised continued growth after a stellar third quarter, and said the retailer’s phenomenal share price rise since last year’s IPO reflected that the company is delivering on its promises so far.
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NewsGeneral stores boosted by January sales rise
A January sales fillip, takeover talk and musical chairs in the boardroom helped buoy up general retailers over the week and they outperformed the All-share index.
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NewsWade-Gery hiring ‘shows M&S is thinking ahead’
High-profile appointment being interpreted as succession planning by chief executive Marc Bolland
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NewsPeacocks prompts IPO speculation after beginning hunt for chairman
Value fashion group Peacocks intends to appoint a chairman for the first time in five years, prompting speculation that an IPO may be on the cards.
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NewsSuperGroup third quarter sales rocket
Sales at fashion retailer SuperGroup, owner of the ultra-trendy Superdry brand, continued to climb steeply in the third quarter and continued growth is expected.
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NewsRetail like-for-likes up 2.3% in January, BRC reports
Clearance Sales, a shopper rush to beat the VAT rise and weak comparatives because of snow last year all helped lift retail sales by 2.3% like-for-like in January.
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NewsComet begins redundancy consultations as it consolidates service centres
Electricals retailer Comet is to shut 14 of its service centres and has begun consultations with 411 affected staff as it seeks to make redundancies.
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AnalysisGoing, going... gone
As Icelandic investors consider exiting high-profile retailers, George MacDonald asks whether the stores sector can look forward to a raft of deals in the year to come
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NewsTakeover talks reflect tough week for stores
Plunging consumer confidence, signs of slowing trading at bellwether department store group John Lewis and a Carpetright profit warning meant general retailers were left on the shelf by investors.
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NewsOffice Depot ties up with Dixons to open PC World shop-in-shops
Office supplies giant Office Depot is testing shop-in-shops in electricals group Dixons Retail’s stores.
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NewsBuyers size up HMV
Entertainment retailer back on private equity’s radar after poor trading raises prospect of a break-up
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OpinionBolland spreads M&S’s wings
M&S boss Marc Bolland started to make his presence felt with last week’s rejig of the general merchandise senior management structure. The rationale for the changes was to create the right framework for delivery of M&S’s business plan.
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NewsWheway to leave Best Buy Europe
Scott Wheway is to stand down as chief executive of Best Buy Europe. He is replaced by Best Buy Europe chief operating officer Andrew Harrison, who has been promoted to president.
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NewsMarks & Spencer to open Champs-Elysees store this summer
Marks & Spencer is to open a store in Paris on the Champs-Elysees as early as this summer, it is understood.
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AnalysisOnline streaming
With Amazon taking control of Lovefilm and Netflix flying high across the pond, all the signs suggest online streaming is set to become the norm